NACCO Industries, Inc. (NYSE:NC) Short Interest Update

NACCO Industries, Inc. (NYSE:NC - Get Free Report) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 14,200 shares, a decline of 23.7% from the November 30th total of 18,600 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On NACCO Industries

A number of institutional investors and hedge funds have recently made changes to their positions in NC. Barclays PLC boosted its holdings in shares of NACCO Industries by 365.4% in the 3rd quarter. Barclays PLC now owns 7,004 shares of the company's stock worth $199,000 after purchasing an additional 5,499 shares during the period. JPMorgan Chase & Co. boosted its stake in NACCO Industries by 77.8% during the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company's stock worth $234,000 after buying an additional 3,615 shares during the period. Empowered Funds LLC boosted its stake in NACCO Industries by 5.3% during the third quarter. Empowered Funds LLC now owns 34,728 shares of the company's stock worth $985,000 after buying an additional 1,742 shares during the period. Finally, State Street Corp increased its position in NACCO Industries by 1.0% during the third quarter. State Street Corp now owns 78,276 shares of the company's stock valued at $2,219,000 after acquiring an additional 763 shares during the last quarter. 49.10% of the stock is owned by hedge funds and other institutional investors.

NACCO Industries Price Performance

Shares of NC traded down $0.54 during mid-day trading on Friday, hitting $28.13. 13,995 shares of the stock were exchanged, compared to its average volume of 16,022. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76. The company has a market cap of $205.26 million, a PE ratio of -12.12 and a beta of 0.96. NACCO Industries has a 52-week low of $25.19 and a 52-week high of $37.70. The firm has a 50-day moving average of $30.33 and a two-hundred day moving average of $29.11.

NACCO Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.2275 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.91 annualized dividend and a yield of 3.23%. NACCO Industries's dividend payout ratio (DPR) is currently -39.22%.

NACCO Industries Company Profile

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.